Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Carroll Clark Rd Galena, MD 21635

    Sponsored
    For Sale
    $1,250,000

    86 acres, excellent location, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional 86-acre industrial land parcel presents a compelling investment opportunity in Kent County, Maryland's Route 301 Growth Corridor. Strategically located on Carroll Clark Road, the property boasts over 2,500 feet of frontage along Route 301 and an additional 1,295 feet along Carroll Clark Road, providing unparalleled accessibility to Middletown, Delaware, and Route 1. Zoned Employment Center (EC), this site is eligible for Kent County and Maryland State incentives, maximizing potential returns. The property's layout includes approximately 46 acres currently utilized for agricultural purposes, and approximately 19 acres designated as Forest Conservation. A pre-existing perc site for a mound system is in place, simplifying development planning. While a cell tower is situated on the property, it currently generates no annual income. This fee-simple ownership opportunity offers a long-term lease expiration date of May 1, 2061, representing a remaining lease term of 36.5 years. The asking price is $1,250,000, translating to a land value of $14,535 per acre. Recent lot line adjustments have divided the original 176 acres into two parcels, with this offering comprising the 86-acre Lot 1. Its prime location and development-ready status make this an ideal investment for discerning buyers seeking significant growth potential in a thriving area.

    Property Features for 0 Carroll Clark Rd

    General Information

    Property type
    Land
    Lot Size
    3,746,160 SF

    We can help!

    Listing Contact
    Cindy Genther
    Cindy Genther

    Learn more

    HighLights

    • Excellent investment opportunity near the Rt. 301 Middletown Bypass.
    • Strategically located in Kent County's Rt. 301 Growth Corridor, this property features two parcels created from a recent 176‑acre lot split.
    • Lot 1 comprises +/- 86 acres with significant road frontage: +2,500 ft on Rt. 301 and +1,295 ft on Carroll Clark Rd.
    • Existing perc site suitable for a mound septic system.
    • Currently in agricultural use; no cell tower lease income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Galena
    County
    Kent
    State
    Maryland
    Longitude
    -75.851433
    Latitude
    39.295783

    Nearby Comparable

    • $1,250,000
      86.00 Acres

      Prime Development Land in Galena

      86 acre development land in Kent County's Rt. 301 Growth Corridor.
      Carroll Clark Rd, Galena, MD 21635
      View Details
    • $1,250,000

      Prime Development Land in Galena

      86 acres of development land in Kent County's Rt. 301 Growth Corridor.
      1 Carroll Clark Rd, Galena, MD 21635
      View Details
    • $399,900

      Land For Sale

      Land available for sale.
      12035 Galena Rd, Massey, MD 21650
      View Details
    • $1,000,000
      21.37 Acres

      21 Acres Buildable Land Millington

      21 acres of raw, buildable land near Rt. 301.
      Carroll Clark Rd, Millington, MD 21651
      View Details
    • $80,000

      Two-Unit Duplex Investment Opportunity

      Two-unit duplex with renovation potential near Middletown, Delaware.
      12191 Galena Rd, Massey, MD 21650
      View Details
    • $145,000

      Versatile Commercial Building Near Route 301

      Commercial building near Route 301 with versatile layout.
      32920 Maryland Line Rd, Massey, MD 21650
      View Details
    • $1,500,000

      Millington Industrial Property for Sale

      19,656 SF office and production/warehouse on 1.92 acres.
      173 Sassafras St, Millington, MD 21651
      View Details
    • $1,000,000

      21 Acres of Commercial Land

      21 acres of buildable land near Rt. 301.
      Carroll Clark Rd, Millington, MD 21651
      View Details
    • Contact for pricing
      20.54 Acres

      Millington, MD Warehouse Portfolio

      ±40 Acres, 2 Warehouses, 195 Parking Spaces
      301 Of Maryland Rte 291, Millington, MD 21651
      View Details
    • $1,000,000

      Millington Agricultural Property for Sale

      Agricultural property available in Millington, Maryland.
      10434 Big Stone Rd, Millington, MD 21651
      View Details

    Nearby Similar for Sale

    • $350,000

      Galena Specialty Property For Sale

      Specialty property available for purchase in Galena, Maryland.
      206 Virginia Ave, Galena, MD 21635
      View Details
    • $260,000
      2,230 SF

      Galena Mixed-Use Corner Property

      Prime Retail & Residential Potential! High Visibility Location.
      100 Main St, Galena, MD 21635
      View Details

    FAQs

    What type of property is this?
    Land - 86 acres, excellent location, development ready.
    Where is this land located?
    The property is located at Carroll Clark Rd Galena, MD.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Excellent investment opportunity near the Rt. 301 Middletown Bypass.; Strategically located in Kent County's Rt. 301 Growth Corridor, this property features two parcels created from a recent 176-acre lot split.; Lot 1 comprises +/- 86 acres with significant road frontage: +2,500 ft on Rt. 301 and +1,295 ft on Carroll Clark Rd.
    Request Owner's contact information
    Carroll Clark Rd Galena, MD 21635
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Carroll Clark Rd
    Galena, MD 21635
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Carroll Clark Rd Galena, MD 21635
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cindy Genther
    Cindy Genther
    Real Estate License ID: MD
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.